Another week passes and LQMT’s share price is up 15.472% from 0.05998 cents to 0.06926 cents on extremely weak trading volumes and little interest. The same when LQMT moves up or down.
LQMT held a year end conference call Tuesday March 12, 2024.
LQMT is now into its 27th month without a new product order announcement, No new contracts for the order of parts.
On March 19th LQMT filed an 8k to amend a previous agreement using forward worded language that this would move LQMT closer to obtaining a high-volume contract. Personally, I thought that was the reason for touting the Yihao partnership about five years ago. You know 40 machines growing to 99 machines and so on and son. Five years later and dust, no high-volume part orders.
This is the first 8K filed by LQMT since JAN. 12, 2022.
Both the CC, the 10K and the 8K have raised the share price about 32%. IMO, the PR's should have doubled the share price and raised it 100%.
Let hope that past history is not an indication of future results as in the last 8K from over two years ago.
As I stated last week, Progress? Up to anyone’s interpretation of the CC. If one just relies heavily on forward worded expectations. (Not always a good idea.)
It is going to take the rest of the year to see if the little new interest in the stock has legs. Obviously, those with higher sights are looking for more than just forward worded well meaning expectations before they roll the dice and are willing to wait and pay a higher price. Otherwise, the volumes would be trading about 1% to 2% daily. Years ago, that would have happened based on expectations and hype and no contracts.
It is rather strange how a company can claim they need domestic manufacturing one year and not another year and then go back to claiming they need domestic manufacturing again. This happened three times if anyone is counting. You just don't know which executive is talking. Will the real TC stand up please.
I always thought for certain contracts and certain companies in lieu of the existing global babies not being always able to get along, that LQMT definitely would need a domestic partner to manufacture high volume orders and lesser ones as well. I do not doubt the timeliness for the amendment. There appears to be confidence in the manner of which TC spoke during the CC.
Shareholders have paid LQMT hundreds of thousands of dollars. The time to see potential for a real return on those investments are long overdue. The time for all of the expectations to bear fruit should begin this year.
Perhaps in 2025 or 2026 LQMT might succeed and if they ever do make it in 2024, all in it will be very thankful and glad that they did.
Will this be the year revenues increase consistently? The 2nd, 3D, and 4th Q’s will tell. I’ll be pleasantly surprised if the 1st 10Q tics up.
Good luck to all in LQMT.
Wish TC LUCK.
LQMT, please try not to play kick the can again it didn’t end well for 2023.”
Remember, without new revenues increasing quarterly and without progress due to cost of operations the share price is not averse to heading south again as stated in many of my posts. Fundamentals have not changed! cash burn is ongoing. No one bought the stock for rent revenue or market appreciation.
So far LQMT has done well to keep the stock from falling below 0.04 cents. They cannot let up now!
Good luck to all in LQMT.
Wish TC luck.
As for me, until it happens, (the annual expectations call,) it’s nothing more than a rosy outlook of the game Kick the Can. Same for another partnership old or new. After 2017, my days of wishful thinking and hype are over.
Let the 10K be your guide and any new 8K of increasing revenues be the proof of TC’s integrity along with the fruition of his comments be LQMT’s success this year and for years to come.
